Update on Grupo Triunfador Group

The Grupo Triunfador communal bank is made up of 9 members. They are single motherw who are raising children. These members are from El Sauce, located in the northern part of the country. lugar que esta ubicado en la zona norte del país. El Sauce is characterized as having humble people who are hardworking and want to get ahead. They have shown thmesleves in previous lloans to be responisble and puntual with their payments. Carla Estela is the coordinator of the communal bank. She cares for it's good functioning and the mutual support in different economic activities of the members. Carla Estela's activity is selling milk from her house to regular and incidental customers. She needs the loan to invest in working capital to buy millk and sell it to her customers. The members of this bank are grateful for the help offered by the Kiva investors to people of low income from poor countries like Nicaragua so that they can have a dignified way of life.

Previous Loan Details

The Triunfador group was started by one of the members, who lives in a neighborhood where the community bank operates. It is an excellent, dedicated group and has been participating in the program for some time.
Juana owns a small store and has many loyal customers. She is happy with her busi...
More from Grupo Triunfador Group's previous loan »

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.